In our March 13 Update on DX, I noted that DX was approaching the 61.8% retracement of the drop between 2001 to 2008 and two key channel lines, writing at the time:
The white .618 intersects with two major channel lines… Should DX punch through, there’s much more upside. Otherwise, look for a correction in the very near future.
As fate would have it, March 13 itself was the high. DX didn’t go on up and tag the .618. Instead, it has been fading slightly ever since in a pattern that can’t decide between a flag pattern or a descending triangle.continued for members…
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